"What figure does everyone believe the stock price of LOM will rise to if in fact they have discovered a diamond over 200 carat?"
Stef:
It wont just depend on the big one but what goes with it out of Blk 6.
We know we have 2 Specials around the 100ct type 2a quality. It is highly likely there will be more 100ct type 2a Specials, plus the 10ct Specials. If these recoveries are excellent and we do have a 200+ct diamond the ann will be received positively.
If the above comes to pass I think you could be looking at a sustainable price of 40c and maybe a bit higher. If the recoveries are significantly better, you could be looking at up to 50c. Whatever the results are now, in 6 weeks time we will be mining 40k bcm/mth from Blk6 and blk 8.
The mind boggles at what the recoveries could be at this rate of mining.
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